This comparison simply includes all savings accounts.
Current Account Offers
Why we like it: No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Best British Bank and Best Current Account in 2020 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: A bank account that can build credit history. No credit check during sign up. Apply straight from your mobile. Instant online decision. Get your Contactless Debit Mastercard within 3-5 working days. Add Creditbuilder onto your account and it could help build your credit rating at no extra cost. Deposit cash into your account at any Post Office UK branch. Money is available in your account immediately. Manage your account 24/7 from any device with the banking app - get real time balance information, statements, add payees send payments and apply for extras. Automatic payment alerts. UK based Customer Services Team. Your money is protected up to £85,000 by the FSCS (Financial Services Compensation Scheme)
Why we like it: Earn 0.30% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: Can be opened by or on behalf of any child up to the age of 18. Debit or cash card available for those aged between 13 and 18. Monthly interest. No monthly fee. For children under age 13, the account must be opened in trust and managed by an adult (trustee). If you’re aged between 13 and 18 years old and live permanently in the UK you can apply online by telephone or in branch. No overdraft facility. 1% interest on the entire balance once the balance is £100, 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,500, 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 or over (up to a maximum of £2,000). Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Best Current Account Offers
A number of current accounts offer cashback, ongoing rewards, or a mixture of the two as an incentive to get you to switch.
Cashbacks can be either a cash sum (often in the £100s) or equivalent for switching, or a percentage (up to 5%) of various household bills or other spending (e.g. contactless), paid to you ongoing. Some of these are packaged and so have a monthly account fee, some do not.
Current accounts are offering some great deals at the moment and many of them offer a higher rate of interest than many savings accounts.
There are also other offers such as fee-free overdrafts. All of the accounts we list adhere to the Current Account Switch Guarantee and offer a 7 Day Switch service.
Take advantage of the switch rewards and cash back offers and watch your money grow.
Here are a selection of the best deals around at the moment:
- TSB are offering £10 cashback each month if you have two Direct Debits per month and use your debit card 20 times per month. This on top of their currently high rate of interest make for a very rewarding deal.
- Halifax are rewarding £100 for switching to their account along with monthly cash rewards for meeting certain criteria.
- Natwest are offering 3% cashback on all household bills with their reward account.
- Co-operative Bank are giving away £150 for switching to their current account. This is followed up by monthly cash rewards for meeting certain criteria.
- HSBC are offering £150 for switching to their current account with another £50 if you stay with them a year. HSBC will also give you a six month interest-free overdraft.
- First Direct are giving customers £100 when they switch and stay with them for three months. If you are dissatisfied with their service they will give you another £100 when you leave.
- Santander 123 and 123 Lite offer cashback on your household bills making it a great way to earn money back on necessary spending. The 123 account also offer a good rate of interest on balances up to £20,000.
- Marks and Spencer are offering customers a £100 voucher when they switch as well as £10 per month for 12 months if certain criteria are met. A great offer if you regularly shop at Marks and Spencer.
You can find out more about any of these offers on our website.
